Equities analysts expect that Evertec Inc (NYSE:EVTC) will report earnings of $0.45 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Evertec’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.48. Evertec posted earnings per share of $0.24 during the same quarter last year, which would indicate a positive year over year growth rate of 87.5%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, February 20th.
On average, analysts expect that Evertec will report full-year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.86. For the next financial year, analysts expect that the company will report earnings of $1.96 per share, with EPS estimates ranging from $1.87 to $2.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Evertec.
A number of analysts have recently issued reports on EVTC shares. Zacks Investment Research raised shares of Evertec from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, November 2nd. Raymond James raised shares of Evertec from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st. Finally, Keefe, Bruyette & Woods started coverage on shares of Evertec in a report on Thursday, December 6th. They set an “outperform” rating and a $32.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Evertec presently has an average rating of “Hold” and an average price target of $26.14.
EVTC stock traded up $0.12 during trading on Monday, hitting $28.74. 428,700 shares of the stock traded hands, compared to its average volume of 576,664. Evertec has a 1 year low of $15.35 and a 1 year high of $30.20. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 19.55 and a beta of 0.65. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.73 and a current ratio of 1.73.
In related news, insider Carlos J. Ramirez sold 44,378 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $26.34, for a total value of $1,168,916.52. Following the transaction, the insider now owns 67,409 shares of the company’s stock, valued at $1,775,553.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tere Loubriel sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $27.04, for a total transaction of $78,416.00. Following the completion of the transaction, the director now directly owns 18,879 shares in the company, valued at approximately $510,488.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,278 shares of company stock worth $2,340,533. Insiders own 0.76% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nkcfo LLC purchased a new position in shares of Evertec in the fourth quarter worth approximately $29,000. Quantamental Technologies LLC purchased a new position in shares of Evertec in the fourth quarter worth approximately $46,000. Massey Quick Simon & CO. LLC boosted its holdings in shares of Evertec by 20.0% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 3,226 shares of the business services provider’s stock worth $93,000 after buying an additional 537 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Evertec in the fourth quarter worth approximately $95,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Evertec by 19.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,169 shares of the business services provider’s stock worth $120,000 after buying an additional 665 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.
EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.
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